?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.

2.32%

Fund size

£69m (£64m last year)

FE Risk score

?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

-4.03

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

0.82

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

-0.03

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

20.94

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

7.73

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

-0.26

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

0.91

Price movement

52 week high10.75

52 week low7.18

Current bid price-

Current offer price-

Current mid price9.2

Region

1

Brazil

52.7%

2

Mexico

27.8%

3

Chile

11.8%

4

Money Market

4%

5

Colombia

1.9%

6

Argentina

1.3%

7

Peru

0.5%

Industry sector

1

Consumer Discretionary

31.8%

2

Industrials

13.3%

3

Real Estate

12.2%

4

Materials

9.8%

5

Financials

8.2%

6

Consumer Staples

8%

7

Utilities

6.7%

8

Money Market

4%

9

Telecommunications Utilities

3.2%

Asset type

1

Brazilian Equities

52.7%

2

Mexican Equities

27.8%

3

Chilean Equities

11.8%

4

Money Market

4%

5

American Emerging Equities

3.2%

6

Peruvian Equity

0.5%

Individual holdings

1

GRUPO AEROPORTUARIO DEL CENTRO NORT

5.7%

2

METALURGICA GERDAU

5.1%

3

PARQUE ARAUCO SA

3.9%

4

BANREGIO GRUPO FINANCIERO SAB DE CV

3%

5

ESTACIO PARTICIPACOES S.A.

2.9%

6

AREZZO INDUSTRIA E COMERCIO SA

2.7%

7

INDUSTRIAS BACHOCO SAB DE CV

2.7%

8

TERRAFINA SA

2.7%

9

FLEURY SA

2.6%

Management

Fund manager group

PineBridge Investments

Fund manager company

PineBridge Investments Ltd IRL

Fund type

Unit Trust

Fund objective

The fund seeks to achieve capital growth by investing in small to medium sized companies whose assets, products or operations are based in Latin America.

Benchmark

MSCI EM Latin America Small Cap

Investment style

Growth

Investment method

Shares

Fund managers

Name

Since

Biography

Gustavo Pozzi

30/06/2016

Andrew Jones

01/12/2015

Andrew Jones joined Henderson in 2005 as a fund manager and is a member of the Global Equity Income team where he manages a number of retail and institutional mandates. Prior to joining Henderson, Andrew worked as a fund manager at Invesco Perpetual Asset Management where he started his career in 1995. Andrew graduated from Queens’ College, Cambridge University with a BA (Hons) in Economics and holds the Securities Institute Diploma.

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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